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What is 'Fair Market Value - FMV' In its simplest sense, fair market value (FMV) is the price that property would sell for on the open market.
DEFINITION of 'Fair Value'. 1. The estimated value of all assets and liabilities of an acquired company used to consolidate the financial statements of both companies. 2.In the futures market, fair value is the equilibrium price for a futures contract.. The estimated value of all assets and liabilities of an acquired company used to consolidate the financial statements of both companies. 2. In the futures market, fair value is the equilibrium price for a futures contract.